Siemens Energy India reported a year-on-year rise of over 31 per cent in net profit for the July-September period, supported mainly by higher operational revenue and a strong order book. Revenue increased to INR 2,646 crore, while the order backlog reached INR 16,205 crore, reflecting a 47 per cent jump over the previous financial year. New orders remained slightly higher than last year, and the company's Board recommended a 200 per cent dividend. The firm also expanded its manufacturing and service capabilities to meet the ongoing rise in demand for electrification across India.Read more

The Union Cabinet has approved an INR 9,858 crore Phase 2 expansion of Pune Metro, adding Lines 4 and 4A, covering roughly 31.6 km with 28 elevated stations. These lines will connect key IT, commercial, educational, and residential areas across Pune. Maha?Metro will handle all construction and systems work, with preliminary surveys and design activities already underway. Daily ridership on these corridors is expected to reach 4.09 lakh by 2028 and over 11.7 lakh by 2058. The expansion aims to enhance connectivity, reduce traffic congestion, and support long-term urban growth.Read more

IL&FS has repaid INR 48,463 crore to lenders, achieving nearly 80% of its INR 61,000-crore debt-resolution target. The repayments were driven by asset monetisation, interim distributions including cash and InvIT units, and servicing from profitable subsidiaries. Out of the 302 entities in the group, 202 have been fully resolved, including the transfer of Chenani-Nashri Tunnelway Limited. The group maintains a cash balance of INR 8,575 crore for operational and distribution purposes. Pending resolutions indicate the process is ongoing, reflecting a structured and phased debt-reduction approach.Read more

The Uttar Pradesh government has introduced major relief for the retail and commercial sectors by capping stamp duty and registration fees on lease deeds. Industry bodies such as the Retailers Association of India (RAI) have long argued that high and unpredictable charges discouraged formal tenancy registrations. Under the revised system, fees will now be calculated based on tenancy duration and average annual rent, making costs more predictable and easier for businesses to plan. RAI welcomed the move, noting it aligns with long-standing industry recommendations. The initiative is expected to boost formal lease registrations, improve compliance, and support a more organised and transparent commercial rental market in the state.Read more

The Asian Development Bank has sanctioned a USD 400 million results-based lending program to improve road connectivity across 34 districts in Maharashtra, focusing on the climate-sensitive and economically lagging Marathwada and Vidarbha regions. The initiative will benefit over 1.7 million people, including residents of around 80 villages and 410 rural communities, by upgrading nearly 350 km of state highways and 2,577 km of rural roads. The project aims to link rural areas to markets, logistics hubs, healthcare, education, and other essential services while promoting inclusive economic growth.Read more

ASK Property Fund and India Sotheby's International Realty have partnered with Amavi by Clarks to create an INR 500 crore equity fund platform aimed at luxury second-home developments. The initiative, set up through the ASK Curated Luxury Assets Fund-I, will focus on premium branded villas in hill, lake, and spiritual destinations. The platform brings together ASK's investment capabilities, India Sotheby's insights into luxury buyers, and the Clarks Group's hospitality expertise. With rising demand for high-quality second homes among Ultra High Net Worth Individuals, the partners aim to build experiential, hospitality-led residential assets.Read more

Sundaram Home Finance has outlined plans to expand its reach across smaller towns in central Tamil Nadu by increasing its branch network and growing its emerging business segment. The company aims to double its presence in tier-3 and tier-4 towns and target INR 120 crore in disbursements over the next year. Its emerging business portfolio includes small-ticket loans of up to INR 20 lakh and affordable housing finance up to INR 40 lakh. The firm has already opened branches in key towns over the past year and continues to widen its footprint.Read more

NIIF Infrastructure Finance plans to raise INR 12 billion (USD 134.56 million) through a seven-year-and-six-month bond, offering a 7.48% annual coupon. The issue includes a greenshoe option of INR 7 billion, with bids scheduled for the next day. Rated AAA by ICRA, the bonds are part of broader market activity, which includes recent bond offerings from Sundaram Finance, PFC, Axis Bank, SIDBI, Anzen India Energy, and Cholamandalam Investment. These transactions highlight active participation in India's long-term debt market, particularly for infrastructure and high-credit instruments.Read more

Sagarmala Finance Corporation Ltd (SMFCL) received shareholder approval earlier this week to raise up to INR 25,000 crore for upcoming maritime projects, with INR 8,000 crore intended to be mobilised within the current financial year. The government-owned NBFC plans to borrow from banks, financial institutions and issue bonds. Part of the funding support will also come from the INR 25,000 crore Maritime Development Fund cleared by the Cabinet in September 2025. SMFCL will finance ports, port-connectivity, coastal shipping, inland waterways, shipbuilding and vessel acquisition, and is working with rating agencies to secure an apex-level rating.Read more

India's real estate private credit market has entered a decisive growth phase, with its assets under management rising from less than USD 1 billion a decade ago to nearly USD 18 billion in the past week. Improved regulatory clarity, diversified funding channels, and greater institutional participation have strengthened the sector's foundations. According to Aaiji Group Managing Director Lalit Parihar, India is expected to contribute close to a quarter of the Asia-Pacific region's private credit expansion by 2028. This evolving credit landscape is seen as instrumental in enabling developers to scale responsibly while enhancing long-term value creation.Read more